GlobalFoundries Initiates Construction of First New Semiconductor Fab in U.S. Under Landmark U.S.-Japan Initiative

GlobalFoundries has broken ground on its first new semiconductor fabrication plant in the U.S., a key development under a landmark U.S.-Japan initiative. This initial phase involves an investment of approximately $10 billion, supported by New York State incentives, and aims to strengthen domestic semiconductor manufacturing and supply chains. The facility is expected to come online in 2029.